Automotive ASICs drive 35% growth

Automotive ASICs drive 35% growth

Leuven, Oct 21th 2016 – With a revenue growth of 35% and an EBITDA close to 1.5Meuro, ICsense reported outstanding results for its latest financial year (June 2016). The company affirms its position as the leading supplier of complex analog, mixed-signal and high-voltage ASICs (Application Specific ICs).

The automotive market accounts for 56% of today’s ASIC developments. ICsense developed eight (8) ISO26262-compliant ASICs for automotive sensing, battery management and communication (read business cases). The EBITDA growth is realized through operational excellence and increased recurring revenue from existing products in high-volume production.

“This growth is in line with our strategy to focus on ASIC developments for high-demanding and high-reliability applications for automotive, medical and industry 4.0, “comments Bram De Muer, CEO of ICsense. “This also translates in a continuing growth and diversification of our team. We are now 70 people in analog and digital ASIC development, test engineering, product quality and functional safety”.